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Dec 5, 2012
12/12
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the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with eric's take? is the right strategy for republicans to stick to their guns, forget about compromise? >> no. i really don't -- eric is one of my favorite people. we talk a lot. but i think that, and i did work for the speaker gingrich during the shut-down fight in '96, and it did not work out well for republicans. the president has a much bigger bully pulpit than the speaker does. newt gingrich's bully pulpit was pretty big back in those days but at some point, republicans in the house -- and i think boehner is trying to look for ways to do this, speaker boehner,
the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with...
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Oct 14, 2012
10/12
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we pass these to deal with the fiscal cliff situation. harry reid will not bring it up for a vote much less debate them. you are right. the president has been very clear that is not going to happen. if we get to a lame duck session and we have a republican congress and senate and republican in the white house, i think we would get better policy. let's wait. in tennessee in the early in 2007 when he had an affair with i was just over in the capitol building. he was presiding over the session. do you have any remarks about his conduct and whether you think he should be presiding over the chamber? >> that is a personal situation. that is something they will have to handle. >> do you think he should >> i just think anyone has called for that. it is something you have to take up with his family. they will make a decision on election day like the >> moving on to the next congress, and this past congress we have seen repeated instances where speaker bayer was able to pass a bill in the house of getting to the credit votes from his right wing. th
we pass these to deal with the fiscal cliff situation. harry reid will not bring it up for a vote much less debate them. you are right. the president has been very clear that is not going to happen. if we get to a lame duck session and we have a republican congress and senate and republican in the white house, i think we would get better policy. let's wait. in tennessee in the early in 2007 when he had an affair with i was just over in the capitol building. he was presiding over the session. do...
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Dec 9, 2012
12/12
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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fiscal cliff next. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harpur welcome to the big picture. here is mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm just a guy who cares an awful lot about my country uses our own are through you know what kind of mind their terrorist cells in your neighborhood all want to give us a defeat terrorism on the on the liberal and the christian point just because your beliefs about it. you know the corporate media distracts us from what you and i should care about because they're a profit driven industry that sells us and facials that garbage he calls it breaking news i'm happy martin and we're going to break that. so tonight president obama is returning from his hawaiian christmas vacation early to get a jump start on fiscal cl
fiscal cliff next. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harpur welcome to the big picture. here is mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm just a guy who cares an awful lot about my country uses our own are through you know what kind of...
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Dec 1, 2012
12/12
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we have the fiscal cliff negotiations going on on capitol hill. for young republicans right now, as you listen to what both sides are saying in this debate, where do young republicans fall on raising taxes for the wealthiest to help pay down the debt? >> sure. thank you for having us on today, of course. but i think it's just important that as a party, our candidates are making sure that our voices are modernizing, not necessarily moderating. we don't necessarily have to fundamentally change who we are as a party and who we are as republicans. we have to make sure that our voices on taxes, on spending on the economy, are heard loud and clear. just as meghan said, the economic issues are driving many young voters indeed. so where we stand on taxes is that they should be low, but most importantly, in regards to college students and younger voters, we need to make sure that when we graduate college, that we're put to that a job environment that we're able to live productively, that we're not burdened by higher taxes, that we're not burdened by the di
we have the fiscal cliff negotiations going on on capitol hill. for young republicans right now, as you listen to what both sides are saying in this debate, where do young republicans fall on raising taxes for the wealthiest to help pay down the debt? >> sure. thank you for having us on today, of course. but i think it's just important that as a party, our candidates are making sure that our voices are modernizing, not necessarily moderating. we don't necessarily have to fundamentally...
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the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get together? >> everyboby hopes they are high but you want to avoid the high stakes game of chicken and during the lame duck session. that could have been. but his willingness to meet with mitt romney and boehner to resolve the situation. but if you heard voters press conference he sounds like he is the same position under no circumstances will taxes ever be raised. gerri: he said the reelection of the president is not a mandate to raise taxes. this is a huge debate. can they come together? >> i believe we can seize the future together. we're not as divided as our po
the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get...
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Dec 18, 2012
12/12
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CURRENT
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john boehner did give some indication on friday that perhaps they would move on the fiscal cliff over the weekend there was a somebody more republican movement with regard to saying perhaps we will raise tax rates on people who have a million dollars or more but without the at attention -- now that the public's at attention is now focused on this massacre in -- in connecticut, there may not be the feeling among republicans that they have got to move quite as quickly as if they will suffer the same kind of public backlash that they were suffering for weeks as they dragged their feet on the fiscal cliff. >> jennifer: so it might lessen the urgency, wratheder than increase the urgency of acting like rashal adults. >> yeah. i don't ever think there is too much urgency in washington in terms of acting like rational adults, i think it depends on where the focus is at the time. and now it may give them a little bit more cover for dragging their feet. >> jennifer: all right. robert reich thank you. tonight is about action and getting involved. the first thing we want you to do is go to white
john boehner did give some indication on friday that perhaps they would move on the fiscal cliff over the weekend there was a somebody more republican movement with regard to saying perhaps we will raise tax rates on people who have a million dollars or more but without the at attention -- now that the public's at attention is now focused on this massacre in -- in connecticut, there may not be the feeling among republicans that they have got to move quite as quickly as if they will suffer the...
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Nov 23, 2012
11/12
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theith the dow dropping signifily after the election on fiscal cliff happen? people are starting to pull money out of stocks and dividend dividends a little les valule. thatee the market continue to go down resolved and could see a plunge if we hit january 1stnto effect. he flip side of that, if washington actually gets i resolve this in a better wthan could have a prett good economy weoupickup in the stock market. if they make a deal that's not expected, i think wwould see an immediate impact. i think we're going to see a deal that comes out of dribs and of a lastg minute thing and al see it coming when it does tend fiz bole, the cbo, ben bernanke who coined the term fiscal cliff. they have predicted if a deal is not reached, the conen any chance that if a deal is not reachethat perhaps that's an overstatement? >> we need to keep in mind, this is not one measure that's an all or nothing type of deal. the taxes we keep hearing about are ne different ss of taxes then there are the spending cuts which affect literally hundreds and hundreds of government allo so
theith the dow dropping signifily after the election on fiscal cliff happen? people are starting to pull money out of stocks and dividend dividends a little les valule. thatee the market continue to go down resolved and could see a plunge if we hit january 1stnto effect. he flip side of that, if washington actually gets i resolve this in a better wthan could have a prett good economy weoupickup in the stock market. if they make a deal that's not expected, i think wwould see an immediate impact....
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Dec 3, 2012
12/12
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it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising taxes on the rich, the president is ready to go off the cliff. >> right now i'd say we are nowhere, period. nowhere. >> john boehner declaring a stalemate in an exclusive with fox, as republicans teed off on president obama first offer that included new spending plus 1.6 trillion in tax hikes. totally unacceptable. >> i think we are going over the cliff. it's clear to me they made political calculation. white house officials insisted disaster could be amended and demanded a counter offer on the table. >> what we hope for is specificity from the republicans. >> an hour lat
it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising...
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Nov 16, 2012
11/12
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it is on the fiscal cliff. any week that comes out of there will probably affect and move the market. when is the last time you use a pc? may be like a lot of people you switched your computing to a smart phone. dell, very big name in pcs looking bad because of the weaker pc market. where are we? nicole: it is down 3% again. we are hearing the story we have heard on "varney and company" for several quarters, week pc demand. dell is trying to change its business and grow revenue in the coming quarter. what it means is there numbers plunge nearly half, 47%. that is why you are seeing down arrows. stuart: way below $10 a share. thanks very much. the opening trend on wall street dead flat, we are down three points. the national debt, $16.2 trillion and rising fast. we know this is a major issue for many viewers, may be the biggest issue for you. we are spending money now, saddling future generations with massive debt that we will not be able to repay. here's what union leader richard trumka said about the national
it is on the fiscal cliff. any week that comes out of there will probably affect and move the market. when is the last time you use a pc? may be like a lot of people you switched your computing to a smart phone. dell, very big name in pcs looking bad because of the weaker pc market. where are we? nicole: it is down 3% again. we are hearing the story we have heard on "varney and company" for several quarters, week pc demand. dell is trying to change its business and grow revenue in the...
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Dec 10, 2012
12/12
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today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking commission said his party should consider the president's idea of raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. we have one house, that's it. the presidency and the senate is in the democrat's hands. a lot of people are putting forth a theory and i think it has merit where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2% and all of a sudden the shift goes back to entitlements. i ac
today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate...
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Nov 9, 2012
11/12
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increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes each year. those with three or more children, that jumps to $4700. on top of that, the 2011 temporary payroll tax cut would expire, so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 government program, including defense, medicare, extended unemployment benefits. everything but veteran's benefits, social security, and federal pensions. economists say that combination would act as a break on the economy, throwing it back into recession and could cause a market crash. >> that was nbc's andrea mitchell reporting. today at 1:00 p.m. eastern, president
increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes each year. those with three or more...
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Dec 22, 2012
12/12
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we begin with the stalled fiscal cliff debate. president obama and his family are vacationing in hawaii and congress is on holiday recess. both sides are holding out hope that they will be able to reach a deal. >> this is something within our capacity to solve. it does not take this much work. we just have to do the right thing. >> of course, hope springs eternal and i know we have it in us to come together and do the right thing. >> listen to that, and it seems like they are both positive and feel something can get done. while both sides are away, the away and president in hawaii, can they get something done? >> reporter: well, look, richard, this will be a working vacation for president obama and i can also tell you that staffers on both sides of pennsylvania avenue will be in talks over the next several days despite the fact that they are technically on vacation. will they be able to get manage done that is significant over the next several days? probably not. but of course, lawmakers will head back to d.c. after the christmas
we begin with the stalled fiscal cliff debate. president obama and his family are vacationing in hawaii and congress is on holiday recess. both sides are holding out hope that they will be able to reach a deal. >> this is something within our capacity to solve. it does not take this much work. we just have to do the right thing. >> of course, hope springs eternal and i know we have it in us to come together and do the right thing. >> listen to that, and it seems like they are...
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Nov 18, 2012
11/12
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new developments right now in negotiations over the so-called fiscal cliff which is coming. it will bring looming tax hikes and spending cuts that threaten to plunge u.s. economy back into recession. republicans are showing a willingness to raise new revenues but reports that democrats are taking a harder line on entitlement reforms. joining, bob accuse -- >> what's the best case scenario from the meetings the president is attending with congressional leaders and what's the worst case scenario? >> best case scenario is they reach a deal pretty calmly within the next couple weeks before the holidays and so it doesn't hurt consumer spending around christmas. worst case scenario, they don't reach a deal and we go over the fiscal cliff, that markets are rattled and it's an economic catastrophe. >> what are the chance because democrats seem to be digging their heels in at this point about what they're willing to do, republicans have extended the olive branch. both sides say three try. what do you think the chances are? >> i think they're going to get a deal but it's a bumpy right
new developments right now in negotiations over the so-called fiscal cliff which is coming. it will bring looming tax hikes and spending cuts that threaten to plunge u.s. economy back into recession. republicans are showing a willingness to raise new revenues but reports that democrats are taking a harder line on entitlement reforms. joining, bob accuse -- >> what's the best case scenario from the meetings the president is attending with congressional leaders and what's the worst case...
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Dec 18, 2012
12/12
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we are on a fiscal cliff. yes, we have to do something. we need some losses, that is the way negotiations go and we don't have a great hand to play. the president doesn't have a full hand to play we have to have some given some take. gerri: you keep describing them as tax cuts, that is not how most experience it, they will have no changes how they will experience it so i'm not sure the american people will see this as a great tax cutting gift at christmas. >> it is the bush-era tax cuts which cause caused the economy to pick up, it increased it in a way that we all wanted to. creating jobs in the vibrant economy. now we're in a doldrums and it is continuincontinuin g the bush tax cuts exactly what we need right now. gerri: anything to be concerned about in terms of the details? the issue is not just the fiscal cliff but also the alternative minimum tax. there is the estate tax. >> the alternative minimum tax is very important because it will kick in in the lower 30,000. and we have got to fix that. estate tax, affecting small business and
we are on a fiscal cliff. yes, we have to do something. we need some losses, that is the way negotiations go and we don't have a great hand to play. the president doesn't have a full hand to play we have to have some given some take. gerri: you keep describing them as tax cuts, that is not how most experience it, they will have no changes how they will experience it so i'm not sure the american people will see this as a great tax cutting gift at christmas. >> it is the bush-era tax cuts...
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Nov 6, 2012
11/12
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CNBC
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you still have the fiscal cliff coming up. you still have to get clarity on health care, on taxes, on regulations. are we going to get it? we're going to need the senate and the congress at the same time. but companies aren't going to hire until we get clarity on those four issues. so emotionally, people would think, well, if mitt becomes president, maybe we'll get clarity. if president obama stays in office, well, then, we'll have gridlock for the next four years so don't move your money. >> paul, how do you see it? how do you want to invest knowing what we know today? >> i think tomorrow's a telling reaction. if we're looking in the short term, i think the move we have tomorrow and on thursday probably continues through the next week or two. i do believe that i'll be counter to most in our field. i think if romney wins, and i've got my red elephant tie on, but i think if romney wins, we're going to see a 2% to 5% selloff by thanksgiving. i think if president obama's re-elected, we're going to have a much stronger rally in th
you still have the fiscal cliff coming up. you still have to get clarity on health care, on taxes, on regulations. are we going to get it? we're going to need the senate and the congress at the same time. but companies aren't going to hire until we get clarity on those four issues. so emotionally, people would think, well, if mitt becomes president, maybe we'll get clarity. if president obama stays in office, well, then, we'll have gridlock for the next four years so don't move your money....
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cliff. it's a very good question so just just imagine for a second to john boehner and you want to work with president obama how do you do that if you've demonized him to the extent that you have to his base that's one of the things that's so destructive about the what the republicans have had done over the last two to four years i don't see how they go back now and start working with president obama and you know to rachel's point which he was just saying ok you know we can talk about the global economy and foreign investment stuff like that i think those are all really good ideas but every country has to wrestle with some very basic things were guarding spending and taxes and we have a massive deficit in this country it's not one party's fault it's both parties fault to some extent and that's something that we have to wrestle with are we going to increase revenue are we going to cut spending we're going to do a little bit of both the republicans have given us absolutely no maneuverability o
cliff. it's a very good question so just just imagine for a second to john boehner and you want to work with president obama how do you do that if you've demonized him to the extent that you have to his base that's one of the things that's so destructive about the what the republicans have had done over the last two to four years i don't see how they go back now and start working with president obama and you know to rachel's point which he was just saying ok you know we can talk about the...
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Dec 15, 2012
12/12
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the fiscal cliff is not far behind. house speaker boehner and president obama met last night to discuss possible solutions for averting disaster but so far nothing. it's clear compromises have to be made but one gop congressman is going out on a huge him. he is ditching grover norquist's tax pledge to back raising revenues. he says it is the conservative thing to do. joining us to explain why, virginia congressman scott regal. thanks for being here, sir. i should point out you told voters before re-ection, february or january of this year, you had signed grover norquist's tax pledge and now it no long are made sense. why doesn't it make sense? why did you change your mind? and i can imagine you're feeling lot of heat from colleagues in congress? >> i will be happy to answer that directly but i first want to express our deep condolence to the families who lost a loved one today. the anguish is really unimaginable. now onto this important topic. i did distance myself or remove myself as a signer of the pledge back in febr
the fiscal cliff is not far behind. house speaker boehner and president obama met last night to discuss possible solutions for averting disaster but so far nothing. it's clear compromises have to be made but one gop congressman is going out on a huge him. he is ditching grover norquist's tax pledge to back raising revenues. he says it is the conservative thing to do. joining us to explain why, virginia congressman scott regal. thanks for being here, sir. i should point out you told voters...
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Nov 29, 2012
11/12
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a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales,
a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck...
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Nov 11, 2012
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are getting past the fiscal cliff? that he will say the house passed a bill already that will address those things, including extending the bush tax cuts, but also making cuts other than those that are called in to sequester reductions. replacing some of those military cuts with cuts elsewhere. a lot of republican house ideas are to make cuts in social safety nets, like food stamps. that will not fly with democrats in the house or the senate. >> what are congressional democrats and the president looking for? >> it would say more broadly a balanced approach. in other words, hey, let's at least increase the tax rates, but those tax rates increased on the higher income, the 2% of the wealthiest americans, and that would go a long way to helping us not have to find so many other cuts and items to sort of get around this big hit of spending cuts and tax increases we are headed for. >> what is the timetable for action on all of this? >> the so called sequester cuts hit on january 2. if they are not dealt with. though, when i
are getting past the fiscal cliff? that he will say the house passed a bill already that will address those things, including extending the bush tax cuts, but also making cuts other than those that are called in to sequester reductions. replacing some of those military cuts with cuts elsewhere. a lot of republican house ideas are to make cuts in social safety nets, like food stamps. that will not fly with democrats in the house or the senate. >> what are congressional democrats and the...
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Dec 1, 2012
12/12
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CURRENT
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is it a fiscal cliff or a slope? how dramatic will this fall off be on january 1st? or is there going to be the decision that if this decision is not made on january 1st, we'll be fine. >> they constantly talk about short-term agreement right now and then pushing important decision abouts entitlement reform taxes that kind of stuff into 2013. clearly we're not confronting a killer drop off, a fiscal cliff that we hear so often that will send the country careening into a recession after bees december 31st. this will play out across 2013. it's not going to happen all on one single day. it is a fiscal slope. some of the budget lines here in washington has tried to emphasize that point. but the problem is when you have john boehner and in the white house, folks like this in washington using the term fiscal cliff, it takes to become a reality and take on language of its own. >> eliot: it seems to me that there is an element of hysteria being created and used by some folks. you have fix the debt coalition that is away at this terror, and then you see cmbc and this business
is it a fiscal cliff or a slope? how dramatic will this fall off be on january 1st? or is there going to be the decision that if this decision is not made on january 1st, we'll be fine. >> they constantly talk about short-term agreement right now and then pushing important decision abouts entitlement reform taxes that kind of stuff into 2013. clearly we're not confronting a killer drop off, a fiscal cliff that we hear so often that will send the country careening into a recession after...
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Dec 29, 2012
12/12
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economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here
economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate...
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Nov 18, 2012
11/12
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CSPAN
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guest: members are concerned about the fiscal cliff. the cbo said if it is not sold -- salt i timely management, they said unemployment would go up. business leaders and people across the country want this problem solved. >> the issues we are talking about are the same issues we have seen over the last couple of years between this congress and the white house over taxes and spending. it is more or less the same debate. is there anything different at this point? as the election change the calculation? guest: it is discussions with a deadline so that is the difference. we actually have a hard deadline and has to be moved or severe consequences will be set in. i hope they can get something done by the calendar year but if they don't, it would be reasonable and prudent to have a small extension to allow them to tackle these problems more extensively in the early 2013. the election has now passed and people and settled down and government and also you have a real deadline and that will hopefully motivate people to get to a deal. >> does the
guest: members are concerned about the fiscal cliff. the cbo said if it is not sold -- salt i timely management, they said unemployment would go up. business leaders and people across the country want this problem solved. >> the issues we are talking about are the same issues we have seen over the last couple of years between this congress and the white house over taxes and spending. it is more or less the same debate. is there anything different at this point? as the election change the...
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Dec 4, 2012
12/12
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CNBC
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we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that
we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our...
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Oct 19, 2012
10/12
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CNN
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cliff for fiscal armageddon, as they were calling it. so nobody is really surprised we're in this situation right now. i mean, my guess would be that at some point they might end up with some kind of a patch. you know, never underestimate congress' ability to do a patch when a real long-term solution is required. right now it doesn't look like it. >> dana, is this just bluster from both sides? what's the chance some kind of grand bargain would be reached by the end of the year? >> i don't think the chances are very high. john boehner has said he doesn't want that. people think, at least the republicans are going to push for replacing that $110 billion that gloria was talking about for spending cuts with other cuts that may be more palatable. the republicans want to extend the bush era tax cuts. privately, what republicans are saying, if mitt romney loses the white house, they will probably have to give on their no tax increases stance and negotiations. on the democratic side, sources say they think if romney wins, there is a chance they
cliff for fiscal armageddon, as they were calling it. so nobody is really surprised we're in this situation right now. i mean, my guess would be that at some point they might end up with some kind of a patch. you know, never underestimate congress' ability to do a patch when a real long-term solution is required. right now it doesn't look like it. >> dana, is this just bluster from both sides? what's the chance some kind of grand bargain would be reached by the end of the year? >> i...
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Nov 24, 2012
11/12
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FBC
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why are you so he enamored of fiscal cliff? >> i don't think that $3,500 hit to the average family is going to happen. think there will be a deal struck here, each side is going to have to give a little bit. my take on the fiscal cliff is the notion that is definitely in everybody's had affecting holiday spending but becoming its don't issue. we are blowing it up -- is like the debt ceiling talks we had last year. these all became issues because we made some issues. net net is no good long-term efeffects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make money they borrow on the short end meaning they borrow at the low end of int
why are you so he enamored of fiscal cliff? >> i don't think that $3,500 hit to the average family is going to happen. think there will be a deal struck here, each side is going to have to give a little bit. my take on the fiscal cliff is the notion that is definitely in everybody's had affecting holiday spending but becoming its don't issue. we are blowing it up -- is like the debt ceiling talks we had last year. these all became issues because we made some issues. net net is no good...
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Nov 15, 2012
11/12
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if we get that in place, we are removing half of the fiscal cliff. half of the danger to our economy is removed by that single step. >> professor reich, is that true, if we take that one step, we remove half the entire danger to the u.s. economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to businesses expanding and creating more jobs. if the middle class is squeezed by additional taxes, if the middle class loses ground as they have been losing ground because the median wage today is 8% lower adjusted for inflation than it was in 2000, if the middle class continues to lose ground, the middle class can't spend. if the middle class can't spend, then we're not going to have more jobs and we're not going to have a better recovery. it's as direct and simple as that. >> excellent. okay. that's a good answer. given the precarious position we're in, history ought to provide s
if we get that in place, we are removing half of the fiscal cliff. half of the danger to our economy is removed by that single step. >> professor reich, is that true, if we take that one step, we remove half the entire danger to the u.s. economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to...
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Dec 10, 2012
12/12
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WJLA
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. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is needed. christine the guard says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats s
. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is...
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Nov 30, 2012
11/12
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FOXNEWSW
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fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president has an awful lot of leverage. >> bret: but you have the democrats, juan, like mike pryor of arkansas who told politico this -- "as you know people around here like the
fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans...
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Dec 10, 2012
12/12
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MSNBCW
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the fiscal cliff issues, et cetera. let the speaker do what the speaker does best, and that's negotiate his deal. >> the other michael steele, in this town, which is to say speaker boehner, one of his spokes people, released this tidbit of information, and i stress the word tidbit because it is ever so small. discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains a republican offer, and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. when they are in a room together, do they stare at each other and not talk? presumably like some words are communicated and there is some ball moving somewhere if not forward then to the side? >> i'm going to twitch my eye a little bit. you're going to have to guess which entitlement i'm talking about. i think that's the case. i mean, it seems like part of the boehner stra
the fiscal cliff issues, et cetera. let the speaker do what the speaker does best, and that's negotiate his deal. >> the other michael steele, in this town, which is to say speaker boehner, one of his spokes people, released this tidbit of information, and i stress the word tidbit because it is ever so small. discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains a republican...
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Nov 22, 2012
11/12
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CNBC
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we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus bad deals, this is where i disagree with some of think kol a colleagues here. maybe you do too. if this is deal that jacks up tax rates, the capital gains rate, dividend rate, if it has a millionaire surtax as senator collins said, that's not such a hot deal. how would they react to a high tax on investor type of deal. >> they limit investments. they make investments less attractive. the stock market doesn't want a big raise on capital gains and dividends. the stock market is okay with a small one. the best is the 39% ordinary income tax hike. but essentially leave dividends and capital gains
we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus...
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Dec 14, 2012
12/12
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FOXNEWSW
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we are running up against the fiscal cliff. we heard from firms that unless a framework for a deal is forged in the next few days they are going to run out of time in order actually move whatever deal they come up with through both changes to the house and the senate. this is why i got new information that last night senate majority leader harry reid met in a private dinner and he was saying he believes it's nearly impossible to get the fiscal cliff deal done before christmas. what they are focused on is a so-called plan "b" where the house in the next few days may pass extension of the middle class tax cuts. the old bush tax cuts. then let the tax rates for the rich go up and fight it out in january and february over spending cuts. we'll see whether or not conservative goes along with that, if speaker boehner was party to that. the second big story is susan rice. in the last couple of hours calling the president and saying she is pulling her name out of consideration for secretary of state, all because of the controversy over
we are running up against the fiscal cliff. we heard from firms that unless a framework for a deal is forged in the next few days they are going to run out of time in order actually move whatever deal they come up with through both changes to the house and the senate. this is why i got new information that last night senate majority leader harry reid met in a private dinner and he was saying he believes it's nearly impossible to get the fiscal cliff deal done before christmas. what they are...
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Dec 8, 2012
12/12
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CNNW
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how does this play into the fiscal cliff negotiations? >> well, i think the president can and will, i'm sure, make the case that the economy is now clearly headed in the right direction. that the lowering of the unemployment number is not an aberration nor was it a political trick that occurred during the campaign that some had charged. so the president can say, okay, we need to resolve this fiscal cliff issue. or else we're going to start heading in the wrong direction. don't interrupt the recovery that we're having. and if you do, congress, it will be your fault. >> and then as far as the job approval numbers for the president, and this is going to play into this leverage negotiation, as well. how is the president handling his job as president. this is an average of the major polls. 53% approve of the job he's doing. 43% disapproved. that's a three-year high. >> and our monitor poll out this week. 53% approval. and the widest gap we've had on whether people prefer him or republicans. he has a stronger hand in this debate, partially beca
how does this play into the fiscal cliff negotiations? >> well, i think the president can and will, i'm sure, make the case that the economy is now clearly headed in the right direction. that the lowering of the unemployment number is not an aberration nor was it a political trick that occurred during the campaign that some had charged. so the president can say, okay, we need to resolve this fiscal cliff issue. or else we're going to start heading in the wrong direction. don't interrupt...
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Dec 1, 2012
12/12
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. >> they know what a tax increase is, and they know what a fiscal cliff is, and they disagreed on that, and they do worry. if this market crashes in the world and every country in the world is watching us like a bunch of crazy people -- >> they were willing to do this -- >> we disagree on this. the country goes down, and the rich republicans are blamed for it. that's why i think a lot of rich people on wall street are saying to boehner, stop it already. we can live with a little tax increase. we're loaded up here. just move on and don't screw up the economy because we'll lose a lot more money if this market crashes to a second great recession. >> chris, i think to some extent the market has priced in the notion we would go over the fiscal cliff -- >> you're wrong. no. everybody -- who you talking to? i keep talking to people and they -- who you talking to? >> i actually spoke with a source the other day who is in washington, he's an attorney, who said, listen -- >> a lawyer? >> a lawyer but speaks to a lot of folks that are wall street types who says the market could take it for a coup
. >> they know what a tax increase is, and they know what a fiscal cliff is, and they disagreed on that, and they do worry. if this market crashes in the world and every country in the world is watching us like a bunch of crazy people -- >> they were willing to do this -- >> we disagree on this. the country goes down, and the rich republicans are blamed for it. that's why i think a lot of rich people on wall street are saying to boehner, stop it already. we can live with a...